Authority of the Internal Revenue Officers to Reexamine the Books of Account of Taxpayers
BIR Ruling No. 315-60 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Jul 27, 1960
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July 27, 1960 BIR RULING NO. 315-60 Mr. Cresente Zambrano Dalaguete, Cebu S i r : In answer to your letter dated May 18, 1960, I have the honor to inform you that internal revenue officers, when duly authorized by their superior, can reexamine, the books of account of taxpayers only where subsequent to the previous investigation information is received indicating fraud, malfeasance, concealment or misrepresentation of materials facts. The said authority of re-examination may extend to books corresponding to the preceding five years no matter if the same have been previously examined. Very truly yours, (SGD.) MISAEL P. VERA Deputy Commissioner of Internal Revenue
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